NEW YORK ( TheStreet) -- PetMed Express (Nasdaq: PETS) hit a new 52-week low Monday as it is currently trading at $8.57, below its previous 52-week low of $8.60 with 297,384 shares traded as of four p.m. ET. Average volume has been 282,600 shares over the past 30 days.

PetMed Express has a market cap of $192.4 million and is part of the health care sector and drugs industry. Shares are down 49.5% year to date as of the close of trading on Friday.

PetMed Express, Inc., doing business as 1-800-PetMeds, operates a pet pharmacy in the United States. It markets non-prescription and prescription pet medications; and other health products for dogs and cats, as well as direct to consumers. The company has a P/E ratio of 11, below the average drugs industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PetMed Express as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. You can view the full PetMed Express Ratings Report.

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